For the Struggle Inc

Analysis

For the Struggle Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, For the Struggle Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $94k to $1.2m (+1202%), an average of +135% a year. The sharpest change came in the year to December 2021, when income rose by 322%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, For the Struggle Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Bright Beginnings ($1.2m), Equality Illinois Institute ($1.2m) and Balancedcare Community Services Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $246k (21% of expenses). Other salaries and wages came to $59k. At year end it held assets of $714k against liabilities of $11k, net assets of $704k. It reported 13 employees.